Sargsyan, 52, has been prime minister since 2008

Photo ITAR-TASS

Sargsyan, 52, has been prime minister since 2008. Under the Constitution, the government resigned on May 31 after the new parliament had convened for its first session after election. The resignation was accepted by the president.

Tigran Sargsyan was born on January 29, 1960 in KIrovakan (now Vanadzor) into the family of a journalist. In 1983, he graduated, cum laude, from the Leningrad Institute of Finance and Economics as an economist, and in 1987 completed a postgraduate course there, receiving a degree in economics.

In 1987-1990, he worked at the Research Institute of Economy and Planning as a senior researcher and then as head of the international economic ties unit.

In 1990-1995, Sargsyan was an MP, chairman of Armenian National Assembly standing commission on financial-crediting and fiscal affairs, and a member of the Presidium of the Supreme Council.

In 1993, he was one of those who put the national currency, Armenian dram, into circulation.

In 1998-2005, Sargsyan was Central Bank chairman and was reappointed to this post in March 2005.

In 2005-2007, he was chairman of the Interstate Bank Council.

Sargsyan is deputy chairman of the ruling Republican Party of Armenia headed by President Serzh Sargsyan.